Obelisk" published minutes of the parliamentary Committee on suspicions of corruption in the Iraqi Central Bank

BAGHDAD
/ obelisk: Publishes "obelisk" Minutes parliamentary committee
competent tasked to pursue policies CBI and suspicions revolved around
the auction currency and U.S. dollar exchange rate, which revealed "a
clear flaw" in the instructions regarding foreign currency in addition
to benefit a limited number of private banks, which the other is
confined dealings with companies and certain individuals and not others,
and the continuation of the work of the auction for more than one term.

He
revealed the minutes of the Committee chaired by Deputy Speaker Qusay
al-Suhail acquisitions ten private banks on the amount (17447490)
thousand dollars (seventeen billion and four hundred and forty-seven
million four hundred and ninety thousand dollars) of the amount of
auction sales total for the period from 01/01/2012 to 31 / 8/2012, which
amounted to a whole (29,982,230) thousand dollars (twenty-nine billion,
nine hundred and eighty-two million, two hundred and thirty thousand
dollars).

Table of private banks Click here





















The
record indicated that senior management at the bank represented by the
Governor and his advisers and the Executive Committee of the sale and
purchase of foreign currency bear full legal responsibility for such
instructions because they did not take into account the damage resulting
negative of such instructions.

Banks
also bore the record on the responsibility of concentration
transactions, however, these companies and individuals that lead to
monopoly, noting that the General Directorate to monitor the banking and
credit did not indicate such remarks, "Although it is obvious duties
diagnose such irregularities."

Table companies Click here





























Point
record by the Executive Committee for the sale and purchase of foreign
currency approving the transfer of funds to import large quantities of
sugar, where the amounts transferred in excess of entitlement required
limits the amount of (56,662) thousand dollars (fifty-six million six
hundred and sixty-two thousand dollars) for the company Hura Valley General Trading and through the United Bank for Investment and during (6) days as a sample was chosen.

He
added that the "check all the information for a longer period of time
may indicate to convert large sums of money in the same way, and this
reflects the obvious negligence of the Audit Committee in importance in
all incoming transactions to it."

As
someone record the continuity of the work of the auction for more than
one term despite the lack of legal cover for it, recalling instructions
issued by the Central Bank of Iraq to replace the Commission every three
months, and the adoption of Lists buy cloned (non-native) in the
transfer of funds through an auction of foreign currency.

The
Iraqi Council of Representatives has formed a committee to follow up on
suspicions of corruption for the policy CBI headed by First Deputy
Speaker of Parliament Qusay al-Suhail and the membership of Ahmed
al-Alwani Chairman of the Committee on the economy and investment, and
Haider Jawad Kazem al-Abadi, head of the Finance Committee, and d. Abdel Basset Turki Saeed Chairman of the Board of Supreme Audit.

He
explained the record that those reasons and other reasons led to the
low exchange rate of the Iraqi dinar against the dollar to influence the
purchasing power of the Iraqi citizen, and add to the common trading
phantom and control a particular group on the currency auction processes
and purchase left bad effects on the overall economy of Iraq in the
past period, and bears full responsibility and legal responsibility for
the deterioration in the exchange rate of the national currency and
Aldharbat in the market all of the Iraqi Central Bank Governor and
advisers they did not draw a monetary policy and a clear maintain force
the Iraqi dinar and the subsequent monopoly banks, companies and traders
concerned to most trading operations during the previous period.
The
committee recommended building on the entire file to be reported to the
Integrity Commission to conduct detailed investigations.

For
the text of the minutes of the parliamentary committee which
commissioned follow-up work of the Iraqi Central Bank and currency
auction sale Click on the following links:




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